please note that masteel intend to increase output by 8% vs year 2016 as stated in the 2016 annual report.

this is not factored into any of the analyst information

Bonus Issue

MALAYSIA STEEL WORKS (KL) BHD

EX-date 26 Sep 2017
Entitlement date 28 Sep 2017
Entitlement time 05:00 PM
Entitlement subject Bonus Issue
Entitlement description Bonus Issue of up to 53,791,760 new ordinary shares in Malaysia Steel Works (KL) Bhd ("Masteel") ("Bonus Share(s)") on the basis of 1 Bonus Share for every 5 existing ordinary shares held in Masteel ("Masteel Share(s)" or "Share(s)") at 5.00 p.m. on 28 September 2017

By the way, scrap can be exported out since last year

Bonus issue already announced

very good write up. thumbs up

calvintaneng use to promote this stock when it was @ RM80 cent. what happened to him now? price shoot up but he is not here. so weird

some profit taking going on

can buy until bonus announcement.

aiseh, no more energy after ALL TIME HIGH 1.41

i think RM2 is no longer a issue for this share.

STEEL related counters are going to get a rerating soon. due to stable steel price and low PE all round

catalyst is more corporate exercise like bonus issue, share split, dividend payment. and free warrant then wham boom bam... PE will be 8 to 12 depending on size of counter is not an issue

Macquarie want to buy masteel cheap by Pp. Be like everyone else la n buy from open market. Then I don't mind them as one of major shareholder

I think because ringgit strengthen, which is not good for pmetal which bill in usd

Don't let Macquarie dilute the share further

Told u so..... now we must vote to abandon the 2nd tranche of Pp

more to come!!!!

i believe bonus issue announcement is coming soon. completion date end september

Macquire still have balance 3.5million share to PP for first tranche. I believe they block it @1.30

U sound old. 60 something

Just follow year 2007 to 2009 highest pe level. Because that time steel price was very stable like cepurrently. Pe 13 is difficult . However pe 10 is achievable

Southern steel prospect analysis is the worst. Look at their latest uarterly report

Among the 4, annjoo is the one take care of shareholders. Thumbs up

Malaysia Steel Works (KL) Bhd (Masteel) said it will cancel the dividend entitlement announced on April 27, 2017, which would have seen shareholders receive a final dividend of 0.85 sen per share for the financial year ended Dec 31, 2016 (FY16).

In a filing with Bursa Malaysia yesterday, Masteel said this was because the resolution on the payment of the final dividend was not passed at its annual general meeting last Thursday. Only 2.47% of the total voting rights were in favour of the resolution.

please note Private placement is divided into 2 tranches:-
1st tranche : up to 14.5 million share (Macquaire is undertaking it now. UP TO DATE already took 6million share. balance is 8.5 million share)

2nd tranche : up to 9.8m share. Subject to company giving notice to investor to proceed. ( so this is not confirmed yet)

BY THE WAY, in the next AGM, we should vote down the 2nd tranche of PP. Company already earning enough to reduce credit level. Do not need further dilution of shares.

Please spread the word out, we minority must stand and reject 2nd tranche of Private placement

Switch to masteel better

Ssteel in trouble

Conservative take pe of 7 = 1.53 pe 8 = 1.75

Sorry q2 is 4.38
however my calculation still correct, typo error earlier

this result is within expection because future quarterly report will be very strong. Forward PE of X5!!!! assuming 5.83 + 4.83 + 5.83+5.83 = 21.87 cent / RM1.14 = 5.2x forward PE. this is my very conservative forecast because i believe Q3 and Q4 will beat Q1 result!!!

masteel result is out and it is fantastic. even with lower Profit, it is still better than Q3 of year 2016.!!!!!

gogogo ssteel!!!!

actually many steel related company is based in bukit rajah, amsteel, masteel, ays, leonfuat. bukit rajah is beside ICITY nia.

Maybank also written in their report q2 is soft. Current report is already above expectation

Result is above expectstion

Malaysia Steel Works (KL) Bhd (Masteel) said it will cancel the dividend entitlement announced on April 27, 2017, which would have seen shareholders receive a final dividend of 0.85 sen per share for the financial year ended Dec 31, 2016 (FY16).

In a filing with Bursa Malaysia yesterday, Masteel said this was because the resolution on the payment of the final dividend was not passed at its annual general meeting last Thursday. Only 2.47% of the total voting rights were in favour of the resolution.

Trading of the company’s shares was also halted from 2.30pm yesterday due to the announcement, and will resume today.

Masteel shares ended the morning session down four sen or 3.48% at RM1.11 yesterday, with a market capitalisation of RM270.06 million.

The group returned to the black in FY16, with a net profit of RM21.03 million compared to a net loss of RM50.4 million on the back of a 5.5% growth in revenue to RM1.21 billion i

management has a policy of distributing 10% of earning as dividend. therefore, they proposed, but my guess is that the value is too small, that was why the shareholders rejected it

why 122.3mliion revenue and why not focus on earning?

wow all my buy q done!!! now i'm fullly in this club

i beh tahan, decided to buy SSteel @ RM2.

dividend was not cancelled by management. it was cancelled by shareholders themselves. please take note the difference.

all his stock selection is FA strong, but TA tak boleh pakai! koyak!!! don't know how long only can make money

private placement

for special dividend, annjoo has a better balance sheet to issue compared to ssteel. coupled with their dividend policy of distributing 60% of their NP to shareholders

aluminium price now is USD 2062!!! the next resistance level of USD 2100 is not very far away!!!

please note 3 catalyst for masteel
1. macquire is PP into masteel at current price discount 9%, the money received will help the balance sheet. (Btw, macquire would not buy if they think masteel is not a good counter)
2. bonus issue 1-5 already proposed, but not executed yet
3. increase capacity already in hand to take advantage of the current high ASP

yayaya, buy masteel..

@leoting , I just regret not buying ssteel

Weak q2, means move down lor.... huhuhu

im so jealous of SSteel i don't have southern steel. my annjoo not moving at all!!! lousy stock!

why AJS not rallying? SS and Masteel already up!!!

Very very good analysis. Keep it up.... I believe price is high atm